Reuters logo
BRIEF-Russian retailer Magnit says ‍CEO to lend it 44 bln roubles
November 22, 2017 / 3:04 PM / a month ago

BRIEF-Russian retailer Magnit says ‍CEO to lend it 44 bln roubles

Nov 22 (Reuters) - Magnit says:

* Magnit Chief Executive Officer Sergey Galitskiy to grant a revolving credit line to Magnit’s subsidiary Tander in the amount of 44 billion roubles ($750.3 million);

* The ‍loan agreement shall remain in force till March 1, 2018;

* Galitskiy last week sold a 7.5-percent stake in Magnit for 44 billion roubles which Magnit said would be re-invested in Magnit’s newly-issued shared.​ Source text for Eikon: Further company coverage: ($1 = 58.6460 roubles) (Reporting by Moscow Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below